SINGAPORE, Aug 6: Malaysian crude palm oil ended flat on Monday as expectations of higher stocks in No.2 producer Malaysia erased higher risk appetite on better-than-expected US jobs data.

Investor optimism also grew on talks of more stimulus measures by European Central Bank to tackle the region's crisis but caution remained as traders eye stocks data by industry regulator Malaysian Palm Oil Board (MPOB) due later this week.

“In the near term, the upcoming MPOB's July inventory data could swell above the psychological range of 2m tons,” said Alan Lim Seong Chun, research analyst with Malaysia's Kenanga Investment Bank, in a note. The benchmark October palm oil futures on the Bursa Malaysia Derivatives Exchange ended flat at 2,918 ringgit per ton.—Reuters

More From This Section

Dar eyes forex reserves at $15bn by end-Sept

Pakistan's forex reserves are currently at $11.67bn after SBP received $2bn on Wednesday through floating of Eurobonds.

Sindh revenue collection jumps by 23pc

Revenue collection in Sindh between July 2013 and March 2014 stood at Rs23.7bn, witnessing an increase of 23 per cent.

Treasury bills losing attraction

Govt failed to mobilise banks for T-bills auction as the bids it received for the auction were less than the set target.

Punjab textile units start downsizing

Several textile units have incurred losses due to short gas supply, long power cuts, appreciating rupee against US$.

Comments are closed.
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Front Page